Assenagon Asset Management S.A. Boosts Stock Holdings in General Motors (NYSE:GM)

Assenagon Asset Management S.A. boosted its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 23.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 704,922 shares of the auto manufacturer's stock after acquiring an additional 135,289 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of General Motors worth $37,551,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of General Motors in the second quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of General Motors during the 3rd quarter valued at $27,000. Truvestments Capital LLC purchased a new stake in General Motors in the third quarter worth about $27,000. Eastern Bank purchased a new stake in General Motors in the 3rd quarter worth approximately $34,000. Finally, Fairscale Capital LLC purchased a new stake in General Motors in the 2nd quarter worth $36,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Performance

Shares of GM traded down $0.94 during mid-day trading on Friday, reaching $50.90. The company had a trading volume of 9,587,120 shares, compared to its average volume of 8,334,053. The stock has a 50 day moving average of $53.69 and a two-hundred day moving average of $49.59. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $55.97 billion, a P/E ratio of 5.43, a PEG ratio of 0.36 and a beta of 1.42. General Motors has a 52-week low of $34.32 and a 52-week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.47. The business had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.28 EPS. On average, analysts expect that General Motors will post 10.34 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, December 6th. General Motors's dividend payout ratio is currently 5.12%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GM shares. Royal Bank of Canada increased their price objective on shares of General Motors from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on shares of General Motors from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday. Hsbc Global Res downgraded General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Barclays upped their price target on shares of General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Sanford C. Bernstein boosted their price target on General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $59.68.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 9,307 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total transaction of $502,671.07. Following the sale, the executive vice president now owns 8,513 shares of the company's stock, valued at approximately $459,787.13. The trade was a 52.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares of the company's stock, valued at $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,030,475 shares of company stock worth $56,509,286 in the last three months. 0.72% of the stock is owned by corporate insiders.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.